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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 29, 2024
Jun. 24, 2023
Current Assets:    
Cash and cash equivalents $ 876.9 $ 924.7
Short-term investments 0.0 9.6
Accounts receivable, net 142.4 163.9
Inventories, net 114.0 137.2
Prepaid expenses and other current assets 29.0 36.6
Total current assets 1,162.3 1,272.0
Property and equipment, net 75.5 66.4
Goodwill 816.4 816.4
Acquired intangibles, net 288.4 298.5
Right-of-use assets 46.8 49.0
Deferred tax assets 345.6 68.0
Non-current other assets 90.0 41.1
Total assets 2,825.0 2,611.4
Current Liabilities:    
Accounts payable 87.5 45.8
Accrued compensation 27.4 45.9
Income taxes payable 42.2 54.0
Operating lease liabilities 11.5 9.0
Other accrued liabilities 102.6 99.4
Current portion of long-term debt 6.0 6.0
Total current liabilities 277.2 260.1
Long-term debt 966.9 972.0
Operating lease liabilities, non-current 37.9 42.4
Other long-term liabilities 76.2 93.5
Total liabilities 1,358.2 1,368.0
Stockholders' Equity:    
Preferred stock: $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding 0.0 0.0
Common stock: $0.001 par value; 120,000,000 shares authorized, 69,683,991 and 68,687,511 shares issued, 39,567,552 and 38,571,072 shares outstanding, at June 2024 and 2023, respectively 0.1 0.1
Additional paid-in capital 1,107.0 1,009.2
Treasury stock: 30,116,439 common shares at June 2024 and June 2023, at cost (878.0) (878.0)
Retained earnings 1,237.7 1,112.1
Total stockholders' equity $ 1,466.8 $ 1,243.4